Philippi Motor Co. v. Investors Insurance

This appeal involves a controversy between Philip-pi Motor Company (Philippi) and Investors Insurance Corporation (Investors) over construction of one of Investors’ credit life insurance policies issued by Philippi to the late William V. Conrady in connection with Conrady’s purchase of a new automobile from Philippi one week before Conrady’s death.

Philippi brought this declaratory judgment action against Investors to determine whether Investors was liable to pay benefits on the subject policy.1 Philippi claimed that it issued the policy to Conrady in accordance with the terms of its agreement…